Capital for Colleagues plc - Net Asset Value Update

Capital for Colleagues plc - Net Asset Value Update

PR Newswire

London, March 4

Capital for Colleagues plc / EPIC: CFCP / Market: AQSE / Sector: Investment

5 March 2021

CAPITAL FOR COLLEAGUES PLC
('Capital for Colleagues' or the 'Company')

NET ASSET VALUE UPDATE

Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned Business ('EOB') sector, is pleased to announce that it has received the final tranche of the consideration due from the sale of the Company's investment in Civils Store Ltd ('CSL'), amounting to £0.504 million in cash.

Following the receipt of this consideration and the £1.149 million received on the sale of the Company's investment in Anthesis Consulting Group Limited, the Company currently has cash balances of £2.679 million. The Company has no debt.

The estimated Net Asset Value per share of the Company as at 28 February 2021 was 57.96p.

The Directors of the Company are responsible for the contents of this announcement.

**ENDS**

For further information, please visit www.capitalforcolleagues.com or contact:

CAPITAL FOR COLLEAGUES PLC Richard Bailey, Chairman Alistair Currie, Chief Executive	01985 201 980
PETERHOUSE CAPITAL LIMITED Mark Anwyl Allie Feuerlein	020 7469 0930

Capital for Colleagues
Capital for Colleagues is an investment company focused on the UK EOB sector. The Company has a proven management team, with a wide network of contacts and affiliates, as well as established access to investment opportunities, enabling the Company to execute its strategy and capitalise on EOB-focused investment opportunities. In addition, the Company educates and assists companies that are looking to launch employee ownership schemes, advising them, amongst other things, on how to secure investment and achieve their objectives.

Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).